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"Quiet quitting" can have a significant impact on the organization and its workforce. Let's check out a few key statistics on "quiet quitting" in the workplace:
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THE STAGGERING STATISTICS OF 'QUIET QUITTING' IN THE WORKPLACE
"Quiet quitting" can have a significant impact on the organization and its workforce. Let's check out a few key statistics on "quiet quitting" in the workplace:
Activity Poll • According to a Gallup poll, 51% of employees are "not engaged" in their work, and 17% are "actively disengaged." • A total of 68% of employees are not fully committed to their work.
Disengaged Employees Cost • Gallup's State of the Global Workplace report, unhappy and disengaged employees cost the global economy $7.8 trillion in lost productivity. • It is estimated that the cost of replacing an employee can be as much as 150% of their annual salary.
Data Trends Around Quiet Quitting • The average employee spends 2 hours per week thinking about leaving their job. • With the US as a baseline, here is how other countries deviate: • Canada: 2% higher • Australia: 14% lower • New Zealand: 19% lower • Singapore: 19% lower • Ireland: 49% lower
Company Losses Due To Quiet Quitting • The Conference Board study on workplace engagement found that quiet quitting costs US businesses $450 to 500 billion annually. • The cost of "quiet quitting" can be high globally for organizations. It leads to worldwide company losses of up to $1.5 trillion yearly.
HR Professional’ POV • Nearly 3 in 4 HR professionals (72%) say they are witnessing the Millennial (26-41 years old) quit within their organization. • 43% of HR professionals agree that employee productivity is a significant concern at their organization right now.
Lack of Recognition as a Factor • According to a survey by Gallup, only 33% of US employees feel that they are adequately recognized for their work. • Research by the Society for Human Resource Management (SHRM) found that nearly one-third of employees who quit their jobs cited a lack of recognition as a reason for leaving.